- Prince William, the 25th Duke of Cornwall, is reportedly planning to sell 20 per cent of the Duchy of Cornwall estate over the next decade.
- This strategic move aims to generate £500 million, which will be invested into tackling the housing and nature crises, according to a report by The Times.
- The Duchy, a portfolio of land, property, and investments valued at over £1 billion, provides William with a private income of nearly £23 million annually, funding his family's charitable, private, and official lives.
- The Prince of Wales intends to consolidate the Duchy's holdings around five key geographic 'heartlands,' including the Isles of Scilly, Cornwall, Dartmoor, the Bath area, and Kennington, south London.
- Will Bax, chief executive of the Duchy, stated that the decision reflects William's belief that the Duchy should have a positive impact on the world, with funds potentially raised through land sales, development income, partnerships, and borrowing, despite some tenants expressing stress over previous land sale plans.
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